December 21, 2022
IRS issues guidance regarding brokers' withholding on transfers of publicly traded partnership interests - regulations to follow
The IRS has issued additional guidance (Notice 2023-08) to help brokers comply with final regulations under IRC Section 1446(f) regarding withholding on the transfer of an interest in a publicly traded partnership. Proposed regulations will be issued to implement the guidance conveyed in this new notice.
Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor